NovaGold Resources (TSX: NG; NYSE-AM: NG) holds a 50% stake in the huge Donlin Creek gold deposit, 450 km northwest of Anchorage, Alaska, along with 50% partner Barrick Gold (TSX: ABX; NYSE: GOLD).
Last December, the partners announced they are working to update the feasibility study project before the end of 2022. It will be the first update since a 2009 feasibility study pegged capital costs at US$4.5 billion.
The project, one of the highest-grade known open-pit gold deposits in the world, currently has a measured and indicated resource of 541 million tonnes grading 2.24 grams gold per tonne for 39 million oz. of contained gold. Inferred resources stand at 92 million tonnes grading 2.02 grams gold per tonne for 6 million ounces.
The resources are contained in…
